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by Paolo Gila
12 January 2021A day of caution on all lists, where investors have lightened their positions by also starting a sector rotation. London lost 0.65, Paris and Frankfurt closed just below par, while Milan lost 0.33%. The titles of managed savings and technology were rewarded, down to utilities and cement plants. A little start on Wall Street where the Dow Jones and Nasdaq indices travel around parity (Dow Jones -0.02% and Nasdaq + 0.21% at 17.30). The btp / bund spread rose sharply (at 114 basis points and our ten-year yield at 0.63%) due to tensions within the government. Euro against dollar at 1.21 and 50.